Robinhood Markets (NASDAQ:HOOD) Given New $26.00 Price Target at Barclays

Robinhood Markets (NASDAQ:HOOD) had its price target boosted by Barclays from $23.00 to $26.00 in a report released on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a report on Thursday. KeyCorp boosted their price objective on shares of Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Piper Sandler upped their price objective on Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.37.

Robinhood Markets Stock Performance

Shares of HOOD stock traded up $0.07 during trading hours on Thursday, reaching $23.56. The company had a trading volume of 11,304,547 shares, compared to its average volume of 15,520,659. Robinhood Markets has a one year low of $7.91 and a one year high of $28.58. The business has a fifty day moving average price of $23.39 and a 200-day moving average price of $21.35. The firm has a market cap of $20.84 billion, a PE ratio of 40.14 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.61% and a net margin of 21.80%. The business’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. Equities research analysts forecast that Robinhood Markets will post 0.74 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $16.05, for a total transaction of $4,012,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Baiju Bhatt sold 98,404 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares of the company’s stock, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $16.05, for a total transaction of $4,012,500.00. The disclosure for this sale can be found here. Insiders sold 4,639,654 shares of company stock worth $110,241,632 in the last 90 days. Insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after acquiring an additional 1,003,535 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Robinhood Markets by 87.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after acquiring an additional 2,700 shares in the last quarter. O Neil Global Advisors Inc. acquired a new stake in shares of Robinhood Markets during the second quarter worth about $2,298,000. SG Americas Securities LLC lifted its position in shares of Robinhood Markets by 62.5% during the first quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after purchasing an additional 109,059 shares in the last quarter. Finally, LifePro Asset Management purchased a new position in shares of Robinhood Markets in the third quarter valued at approximately $1,677,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.